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Schroder European Real Estate Investment TrustAnnouncement

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RNS Number : 2601A  Schroder Eur Real Est Inv Trust PLC  14 April 2026

14 April 2026

SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC

("SEREIT" or the "Company" and, together with its subsidiaries, the "Group")

PROPERTY PORTFOLIO VALUATION

ACTIVE MANAGEMENT SUPPORTING PORTFOLIO VALUATION

Schroder European Real Estate Investment Trust plc, the Company investing in
real estate in European growth cities, today provides a valuation update of
its property portfolio as at 31 March 2026:

·    The property portfolio was independently valued at €192.6 million
(31 December 2025: €194.0 million), reflecting an overall valuation decline
of €1.4 million, or -0.7%, during the quarter.

·    However, individual assets showed a more varied performance, with
Rumilly and Stuttgart delivering strong valuation growth off the back of
successful lease extensions, which was offset by the impact of tenant-related
setbacks on other assets, particularly in Alkmaar and Cannes:

o Rumilly logistics valuation increased by €2.0 million, or 19%, reflecting
the completion of an income accretive 10-year lease extension (break after
seven) with the asset's sole tenant.

o Stuttgart office valuation increased by €1.1 million, or 6%, primarily due
to the completion of a new 10-year annually indexed lease with the asset's
largest tenant, the State of Baden-Württemberg, 18% ahead of the previous
passing rent.

o Alkmaar industrial valuation reduced by €3.2 million, or -31%, driven by
the asset's sole tenant ceasing operations and not fulfilling its long-term
lease obligations due to financial difficulties.

o Cannes car showroom valuation decreased by €0.9 million, or -13%, due to
shortening lease terms and capex assumptions, following the asset's sole
tenant recently issuing notice for departure in September 2026.

·    Previous valuations of the mixed-use data centre in Apeldoorn had
already anticipated KPN's departure at the end of 2026. Consequently, the
quarterly decline of €0.7 million, or -6%, is attributable solely to the
shortening of the lease term.

 

-Ends-

 Enquiries:

 Jeff O'Dwyer                                                   Tel: 020 7658 6000

 Schroder Real Estate Investment Management Limited

 Natalia de Sousa                                                Tel: 020 7658 6000

 Schroder Investment Management Limited

 Richard Gotla/Oliver Parsons                                    Tel: 020 3727 1000

 FTI Consulting

 

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